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Southern Copper (SCCO) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, Southern Copper (SCCO - Free Report) closed at $167.76, marking a -4.23% move from the previous day. This move lagged the S&P 500's daily loss of 1.62%. Elsewhere, the Dow saw a downswing of 1.87%, while the tech-heavy Nasdaq depreciated by 1.98%.
Coming into today, shares of the miner had lost 8.65% in the past month. In that same time, the Basic Materials sector lost 5.57%, while the S&P 500 lost 0.03%.
Analysts and investors alike will be keeping a close eye on the performance of Southern Copper in its upcoming earnings disclosure. The company is expected to report EPS of $1.85, up 51.64% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.23 billion, up 38.73% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.25 per share and a revenue of $16.54 billion, signifying shifts of +38.36% and +23.22%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Southern Copper. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 3.79% rise in the Zacks Consensus EPS estimate. Southern Copper is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.15 right now. This expresses a discount compared to the average Forward P/E of 24.6 of its industry.
It's also important to note that SCCO currently trades at a PEG ratio of 1.65. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Mining - Non Ferrous stocks are, on average, holding a PEG ratio of 1.47 based on yesterday's closing prices.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 186, finds itself in the bottom 24% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Southern Copper (SCCO) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Southern Copper (SCCO - Free Report) closed at $167.76, marking a -4.23% move from the previous day. This move lagged the S&P 500's daily loss of 1.62%. Elsewhere, the Dow saw a downswing of 1.87%, while the tech-heavy Nasdaq depreciated by 1.98%.
Coming into today, shares of the miner had lost 8.65% in the past month. In that same time, the Basic Materials sector lost 5.57%, while the S&P 500 lost 0.03%.
Analysts and investors alike will be keeping a close eye on the performance of Southern Copper in its upcoming earnings disclosure. The company is expected to report EPS of $1.85, up 51.64% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.23 billion, up 38.73% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.25 per share and a revenue of $16.54 billion, signifying shifts of +38.36% and +23.22%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Southern Copper. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 3.79% rise in the Zacks Consensus EPS estimate. Southern Copper is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.15 right now. This expresses a discount compared to the average Forward P/E of 24.6 of its industry.
It's also important to note that SCCO currently trades at a PEG ratio of 1.65. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Mining - Non Ferrous stocks are, on average, holding a PEG ratio of 1.47 based on yesterday's closing prices.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 186, finds itself in the bottom 24% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.